Tag Archives: Gold

Spot gold prices have gained 0.25% Tuesday, as the metal looks to break two consecutive down sessions. Prices extended down to a low of $1712.13 during Monday’s session, with hopes evaporating for any imminent quantitative easing from the U.S. Federal Reserve after better than expected U.S. jobs data surprised markets on Friday.

Spot gold prices have been relatively stable in Asia o/n with the metal trading a $1718.80-$1727.35 range and consolidating near the higher end of the range ahead of the European open. Traders are now positioning ahead of the impending Greek debt decision as the government delays yet again.

Spot gold prices are slightly softer Friday, as prices sit in a tight range ahead of U.S. payrolls data due at 1330GMT. Asian trading hours saw very little movement, before prices began to firm up after the European cash equity openings.

Spot gold continued to march higher yesterday despite some falls in oil prices and a marginally weaker EUR/USD. The metal posted fresh year’s highs of $1761.20 after earlier lows of $1741 and closed out the day at $1759.50, up around $15 from the open in Asia.

Spot gold prices continue to consolidate after the jolt up from around $1650 through $1700 following last week’s FOMC meeting. The metal is receiving solid support from Asia, particularly China, and demand is still firm despite the end of the Chinese New Year celebrations.

Spot gold prices continue to hold firm consolidating last week strong gains, hitting 7week highs yesterday of $1747.70 in NY trade.

Spot gold prices gave back marginal gains yesterday as the market lost risk appetite over delays in the Greek debt swap decision and widening spreads in the peripheral EU debt market, particularly in Portugal.

Spot gold made strong gains last week with the moved spurred by the FOMC meeting with the Fed pledging to keep interest rates very low until 2014, and expectations heightening of another round of QE.

Spot Gold prices consolidated the powerful gains of Wednesday with a new 7week high of $1730.85 in NY yesterday after opening the session around $1710.60. The move was seen as follow through strength following the FOMC meeting which pledged low rates until at least 2014.